Other equities analysts have also recently issued reports about the company. Nomura reiterated a neutral rating and issued a $20.00 price objective (down from $27.00) on shares of GMS in a report on Thursday, May 16th. Zacks Investment Research upgraded GMS from a hold rating to a buy rating and set a $26.00 price objective for the company in a report on Wednesday, August 28th. Royal Bank of Canada upped their price objective on GMS to $30.00 and gave the stock an outperform rating in a report on Friday. SunTrust Banks upped their price objective on GMS from $23.00 to $32.00 and gave the stock a buy rating in a report on Friday. Finally, Seaport Global Securities reiterated a buy rating and issued a $33.00 price objective (up from $28.00) on shares of GMS in a report on Friday. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $26.56.
GMS opened at $29.46 on Friday. The stock has a 50-day moving average price of $23.13 and a 200-day moving average price of $19.55. GMS has a 12-month low of $13.61 and a 12-month high of $30.09. The company has a current ratio of 2.29, a quick ratio of 1.43 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $1.15 billion, a P/E ratio of 10.52, a PEG ratio of 1.30 and a beta of 2.40.
GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. GMS had a return on equity of 18.99% and a net margin of 2.27%. The firm had revenue of $847.20 million during the quarter, compared to analysts’ expectations of $837.65 million. During the same period in the prior year, the business earned $0.82 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts predict that GMS will post 3.06 EPS for the current year.
In related news, CEO G Michael Callahan, Jr. sold 28,950 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $22.61, for a total transaction of $654,559.50. Following the completion of the sale, the chief executive officer now directly owns 428,314 shares in the company, valued at approximately $9,684,179.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of GMS by 48.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,314,769 shares of the company’s stock valued at $19,538,000 after buying an additional 428,497 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of GMS by 54.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 16,718 shares of the company’s stock valued at $253,000 after purchasing an additional 5,905 shares during the period. Quantamental Technologies LLC bought a new stake in shares of GMS during the 1st quarter valued at $110,000. Menta Capital LLC bought a new stake in shares of GMS during the 1st quarter valued at $181,000. Finally, IndexIQ Advisors LLC raised its stake in shares of GMS by 51.6% during the 1st quarter. IndexIQ Advisors LLC now owns 104,252 shares of the company’s stock valued at $1,576,000 after purchasing an additional 35,475 shares during the period. Institutional investors own 78.32% of the company’s stock.
GMS Company Profile
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.
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